Why is Rishi Techtex falling/rising?

As of 15-Jul, Rishi Techtex Ltd's stock price is currently at Rs 54.95, reflecting a decline of Rs 3.12 or 5.37%. The stock has underperformed its sector by 6.57% today and has experienced a trend reversal after four consecutive days of gains. It opened with a loss of 3.29% and reached an intraday low of Rs 54, marking a decrease of 7.01%. Over the past week, the stock has decreased by 3.09%, and over the past month, it has fallen by 10.50%. Despite a year-to-date return of 0.00%, the stock has generated a negative return of 11.36% over the past year, even as its profits have increased by 71.1%. The stock's valuation remains attractive with a PEG ratio of 0.3, but falling investor participation, as indicated by a 12.48% drop in delivery volume, suggests waning interest.
In the broader market context, Rishi Techtex's recent performance contrasts sharply with the benchmark Sensex, which has gained 5.67% year-to-date. The stock's short-term return of -3.09% over the past week significantly underperforms the Sensex's decline of only 1.36% in the same period. This divergence highlights the challenges Rishi Techtex faces in attracting investor confidence, despite its strong financial metrics such as a high return on capital employed and inventory turnover ratio. The majority of shareholders being non-institutional may also contribute to the stock's volatility and lack of support during downturns.